Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.033%
Price spread now: BloFin against Phemex−0.100%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$610.615% of the position
Funding, last 7 days+0.228%+$23 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.100%, 7d avg −0.014%
=Funding pays, the price is against you. BloFin is 0.086% cheaper against Phemex than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.014%). If the spread goes back, that is −$9 on $10k: about 2.4 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex UNIUSDT | 8.9910 | 0.0100 | pay 0.0100% / 8h | 3h 30m | $27.2M | $4.4M | 50x |
| Short | BloFin UNI-USDT | 8.9820 | 0.0220 | get 0.0220% / 8h | 3h 30m | $10.2M | $3.6M | 75x |
Phemex UNIUSDT
BloFin UNI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.2
- Price spread: −0.100% → −0.014%
- −$8.58
- Slippage, 4 orders
- −$37.46
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$44.84
- Costs to cover
- 0.615%
- Break-even
- 19.5 days
Slippage from Phemex: live order book, 3 min ago; BloFin: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 3 min ago | 8.88 bp | 21.7 bp −$22 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.11 bp | 10.5 bp −$10 | 17.0 bp −$170 | 47.4 bp −$4,737 | doesn't fit |
UNI on 40 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9874 | −0.040% | $37K | — | 150x | as long as short |
| 01 Exchange UNIUSD | +0.0024% | 1h | 8.9831 | −0.088% | $448 | $5 | 10x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.791% | $660 | $154K | 12x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.9843 | −0.075% | $4.5M | $5.9M | 15x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.9785 | −0.139% | $978K | $4.5M | 10x | as long as short |
| Hyperliquid UNI | +0.0100% | 1h | 8.9797 | −0.126% | $95.7M | $64.0M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9784 | −0.140% | $794K | $3.6M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9734 | −0.196% | $290K | $607K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9809 | −0.112% | $221.8M | $646.5M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9760 | −0.167% | $100.7M | $111.9M | 75x | as long as short |
gTrade (Gains Network) UNI/USD
01 Exchange UNIUSD
Injective UNI/USDC PERP
Lighter UNI
Nado UNI-PERP
Hyperliquid UNI
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9760 | −0.167% | $54.9M | $261.9M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9900 | −0.011% | $314K | $653K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9840 | −0.078% | $23.9M | $63.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9870 | −0.044% | $48.2M | $25.8M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9860 | −0.056% | $13.3M | $13.3M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9720 | −0.211% | $33.3M | $45.5M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9810 | −0.111% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9954 | +0.049% | $1.0M | $2.3M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9889 | −0.023% | $4.2M | $4.1M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.0083 | +0.193% | $170K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9850 | −0.066% | $624K | $2.8M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0140 | +0.256% | $92K | $703K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9850 | −0.067% | $15K | $3.4M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9893 | −0.019% | $86K | $435K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9900 | −0.011% | $16K | $1.4M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9956 | +0.051% | $37K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9920 | +0.011% | $30K | $817K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0040 | +0.145% | $704K | $4.9M | 75x | as long as short |
| Phemex UNIUSDTlong | +0.0100% | 8h | 8.9910 | long leg | $27.2M | $4.4M | 50x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9645 | −0.295% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9799 | −0.124% | $286K | $1.6M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9925 | +0.017% | $32K | — | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0216% | 1h | 8.9810 | −0.111% | $940K | $5.8M | 50x | as long as short |
| BloFin UNI-USDTshort | +0.0220% | 8h | 8.9820 | −0.100% | $10.2M | $3.6M | 75x | |
| Kraken Futures PF_UNIUSD | +0.0270% | 1h | 8.9982 | +0.081% | $4.9M | $8.1M | 50x | as long as short |
| dYdX UNI-USD | +0.0276% | 1h | 8.9725 | −0.206% | $236K | $30K | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0304% | 1h | 8.9971 | +0.068% | $577K | $208K | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0374% | 1h | 8.9856 | −0.060% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 8.9887 | −0.025% | $639K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0823% | 1h | 8.9933 | +0.026% | $953 | $45K | 10x | as long as short |
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
Kraken Futures PF_UNIUSD
dYdX UNI-USD
Deribit UNI_USDC-PERPETUAL
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD